Author: Lalita
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China: Iron ore futures hit record-high on higher steel output
DCE iron ore futures today jumped by over 7.5% to a record high level as higher Chinese steel production and rebounding global steel demand outrun feedstock supplies. Chinese steel futures surged by over 5.8% on optimistic sentiments. The closing prices of the most-traded iron ore and steel futures contract on 10 May are as follows:…